Canadian Dollar remains weak close to a five-week low against USD as attention turns to FOMC Minutes
The USD/CAD pair saw some bullish activity during the Asian session on Wednesday, staying above the 1.3775 mark—the highest level since mid-April reached yesterday. Current spot prices are lingering just above mid-$1.3700, supported largely by the robust US dollar. The USD index (DXY), which reflects the dollar’s strength against a range of currencies, reached its […]
Canadian man faces charges for reportedly voting illegally in the US for several years
FBI Charges Four Noncitizens in New Jersey for Illegal Voting The FBI has initiated legal action against four noncitizens in New Jersey concerning illegal voting practices. This crackdown comes as FBI Director Kash Patel takes a tougher stance on the issue. Meanwhile, New York Governor Cathy Hochul is advocating for measures against ICE, which includes […]
Canadian Dollar dips as increasing US inflation supports expectations for Fed rate increase
Early European trading saw USD/CAD climb to approximately 1.3750 on Monday. The U.S. dollar has gained momentum against the Canadian dollar, as traders seem to have mostly factored in a potential interest rate cut in the U.S. this year, alongside rising expectations for a rate hike. Recent U.S. inflation figures came in better than anticipated, […]
Canadian Dollar stays close to a one-month low against USD; strong Oil curbs losses.
The USD/CAD pair is experiencing a slight upward trend above the mid-$1.3700 range during the Asian trading session on Monday. However, it’s still below the peak it reached last Friday. The US dollar’s steady demand is helping drive prices up, while increasing oil prices support the Canadian dollar, which puts a cap on further gains. […]
‘Humanitarian’ Finally Loses Canadian Honors Years After Exploiting Children Sexually
Canada Strips Charity Founder of Honor Following Conviction in Nepal After years of fallout from a troubling case, Canada has officially revoked a significant civilian honor from Peter Dalglish, who was once praised for his charity work. Governor-General Mary Simon disclosed on Friday that Dalglish’s membership in the Order of Canada has been suspended. This […]
Montreal dancers warn of a strike over the Formula 1 Canadian Grand Prix weekend
Montreal Strippers Plan Strike During Busy F1 Weekend May 24th is a major date for motorsport enthusiasts. The Indianapolis 500, Coca-Cola 600, and the Formula 1 Canadian Grand Prix are all scheduled for the same day. For those in Montreal, particularly strippers working around the F1 race, it marks one of the year’s busiest weekends. […]
Driver who caused the death of Canadian figure skater and Olympian Alexandra Paul in fatal accident sentenced two years after the incident
A truck driver involved in a tragic multi-vehicle accident that led to the death of Canadian figure skater and Olympian Alexandra Paul has received a two-and-a-half-year prison sentence. Sukhwinder Sidhu was sentenced, alongside a seven-year prohibition on driving, following a fatal crash that happened on August 22, 2023, in Melancon Township, located about 110 miles […]
Montreal strippers organizing a large strike during the Canadian Grand Prix
Montreal Strippers Plan Strike During F1 Weekend As Montreal’s Formula 1 weekend approaches later this month, strippers in the city are not taking a backseat. In anticipation of the Canadian Grand Prix on May 23, dancers across Canadian cities are planning a strike. They aim to secure salaried positions with protections similar to those enjoyed […]
Canadian Dollar stays close to lows as elevated US yields support the Dollar
The U.S. dollar (USD) remained relatively steady against the Canadian dollar (CAD) on Wednesday, sitting just below its four-week peak of 1.3724. This stability is attributed to strong consumer inflation data from the U.S. and rising Treasury yields, whereas increasing oil prices have helped keep the loonie from dropping further. Recent data from the U.S. […]
Canadian Dollar faces challenges due to persistent demand for safe assets.
USD/CAD has seen a rise after a relatively stable day prior, trading around 1.3690 during the Asian session on Tuesday. The US dollar is gaining strength partly due to rising geopolitical tensions, creating new upward momentum for this currency pair. With reports of worsening diplomatic relations in the Middle East, investors globally are shifting towards […]